IslamQA

Zakaat on property

Answered according to Hanafi Fiqh by Muftionline.co.za

Q: Which amount zakaat should be paid on, rent received or value of rental investment property?

Bismillaah

A: If the property has not been purchased for resale purposes, then Zakaat is only payable on the rent received. Hence, when calculating one’s zakaat, one will pay zakaat on the rent that is in one’s possession at that time together with the other zakaatable assets that are in one’s possession.

And Allah Ta’ala (الله تعالى) knows best.

 

Answered by:

Mufti Zakaria Makada

Checked & Approved:

Mufti Ebrahim Salejee (Isipingo Beach)

This answer was collected from MuftiOnline.co.za, where the questions have been answered by Mufti Zakaria Makada (Hafizahullah), who is currently a senior lecturer in the science of Hadith and Fiqh at Madrasah Ta’leemuddeen, Isipingo Beach, South Africa.

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